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Search Results 0 to 9 of about 10 (some duplicates have been removed)
Dec 6, 2012 1:00am PST
. and a compromise might be reached. joining me now live is senior white house correspondent dana bash, jessica yellin and david gergen. what's the latest? what are you hearing? >> reporter: they are a long way from a deal. but late today speaker boehner and president obama did speak to one another on the phone. now, this is an important development because it's the first time they've talked in a week about the fiscal cliff. i am told, though, that there was no real progress in negotiations. in this sense there was no breakthrough on that central point of tax rates. as you know, president obama insists there is no deal unless the gop agrees to raise rates on the top 2% of earners. the gop says that's a nonstarter. and the two men have not moved from that basic position. now, all of this comes at the same time treasury secretary geithner also said for the first time the administration would be willing to go over the fiscal cliff if the gop does not agree to raise those rates. this was treasury secretary geithner earlier today on cnbc. >> is the administration prepared to go over the fiscal cliff
Dec 3, 2012 1:00pm PST
straight to our senior congressional correspondent dana bash. she's watching what's going on. dana, the tax rates, first of all, let's get to a major sticking point right now. there's been a counterproposal from house republicans to the white house. you have details. >> reporter: that's right. let's start exactly where you just began on those tax rates because that has become the big divide between the two sides. the answer is the house republicans are not budging. they still want to continue the bush era tax rates at all income levels. let's get specific. first of all, the counterproposal, they say they would get about $800 billion in savings from what they call tax reform, from deductions and closing loopholes, things like that. but the bush era tax rates, all of them would remain, even for the wealthiest. to show you the difference, compared to the white house offer that they got last week, $1.6 trillion in savings when it comes to tax revenue. but much of that came from raising tax rates for the wealthiest americans, which of course is what president obama campaigned on. so those are th
Dec 6, 2012 1:00pm PST
" in just a moment. first, let's get some background from our senior congressional correspondent dana bash joining us from capitol hill. i think it's fair to say, dana, all of us were stunned by this announcement today. >> reporter: that's right, wolf. well, senator demint had always said he was going to limit himself to two terms in the senate. but he's not even halfway through his second term and saying he's going to leave in january with almost four years left. i'm told he didn't tell his staff about his decision until this morning right before it was made public. but he said this was an offer to go to this conservative think tank he couldn't pass up. jim demint's announcement that he's leaving the senate was a stunner. >> i honestly believe i can do a lot more on the outside than i can on the inside. >> reporter: the anti-government, anti-tax conservative crusader certainly made a mark on the inside. on the senate floor, a frequent voice of objection against legislation backed by both parties. >> is there any objection? >> mr. president, i object. >> reporter: just this week he helped
Dec 6, 2012 11:00am PST
no previous indication he might quit now. i want to go to dana bash joining me on the phone here. dana, huge surprise to a lot of people. what's behind the resignation. >> reporter: a huge stunner. nobody saw it coming. i was told by a source close to demint he didn't accept the job until yesterday telling the staff this morning, called the governor in south carolina who, of course, will have to appoint the successor and told the republican leaders here. but look. the reason why it's such a surprise is because demint really has been over the past few years somebody who takes pride in his job. and the role that any one senator can do, which is to gum up the works and very much, obviously, an inside job. he said he could be better outside than inside an he said he feels better about leaving because he has been able to get a number -- really, half a dozen tea party-like conservatives elected. >> let me jump in, dana. i want to run through them because, you know, when we think senator demint we think of a tea party stronghold within the u.s. senate and helped and also hurt a number of republican
Nov 30, 2012 1:00pm PST
was dismissing the white house proposal as a joke. cnn senior congressional correspondent dana bash joins us live from the capital. dana, what's the latest? >> reporter: well, joe, it turns out he laughed at geithner when he proposed the white house package which includes $1.6 trillion in tax increases. instead, today mcconnell floated to "the wall street journal" the idea of revenues by medicare and eligibility age, but democrats are very dug in. they say anything that doesn't include tax increases on the wealthy is a nonstarter. a day after getting a white house proposal the republicans greeted as a joke, they're not laughing. >> now, the white house took three weeks to respond with any kind of a proposal and much to my disappointment it wasn't a serious one. >> reporter: house speaker john boehner rushed to the cameras to respond to the president's campaign-style event at a suburban philadelphia toy factory where mr. obama tried to rally support for maintaining the bush-era tax rates for middle class americans but increasing tax rates for the wealthiest americans. >> i don't think it's accepta
Dec 4, 2012 11:00am PST
that affects every one of us come january 1st, 28 days to go. we know some of the reporting from dana bash on the hill, there are no formal talks going on. the president insists in speaking in this bloomberg interview, he does speak to speaker boehner all the time that the meetings are not what matter. what have you, jessica yellin what have you learned in your reporting about possible talks between the white house and the gop? >> reporter: well, first of all, i'll tell you there was a christmas party at the white house last night where members of congress came to have festivities and stand in line. they're welcome to stand in line and greet the president. and get their picture taken. so speaker boehner chose not to stand in line and shake hands with the president, first lady, get his picture taken. so they did not have interaction and any conversation. so now republicans say that was in no way meant to be any kind of spurning of the president, it was a social event, he just didn't want to talk politics last night or whatever it is. still, it is noteworthy that after that last night, there
Dec 3, 2012 11:00am PST
're now hearing it sounds like from republicans dana bash, our senior congressional correspondent, live for me, right now on capitol hill. what have you learned? >> reporter: that's right, brooke. we have breaking news. the house republicans have sent at this time a letter to the president with what they're calling a bold counterproposal. we'll leave it to others to decide whether or not that is the case. but the speaker himself came in to talk to a group of reporters who were gathered to get some details on this, and the speaker said that he thinks that this is, in his words, a credible offer, one that he hopes the white house takes seriously. and one that the white house responds to quickly. now, what is the offer? we have some specifics so we can give our viewers and i'm sure there are people out there watching this very, very closely, because the fiscal cliff is so close. first of all, they claim that what their plan would do would save $2.2 trillion. the key here, though, is we know that the big divide has been over those bush era tax rates. the white house wanting to extend -- exc
Search Results 0 to 9 of about 10 (some duplicates have been removed)